Steinhoff chairman Christo Wiese steps down The company said Christo had offered to resign in order to reinforce independent governance of the company. It comes after the departure of CEO Markus Jooste. Read more.
Alex Mahon steps down from Ocado Group board Alex, who has served on the Ocado board since June 2012, said her recent appointment as CEO of Channel 4 "means that I no longer have the capacity to commit to Ocado". She added: "I am sad to depart from such a brilliant group." Read more.
Hony Capital and the Fung Group acquire Li & Fung assets The deal will see Hony Capital and the Fung Group acquire three of the supply chain giant's product verticals – furniture, sweaters and beauty – for $1.1bn. Read more.